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All agents are NOT alike! Find out why we are top real estate experts. Call us: 609-770-2668.
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Buyers Want Your Home for as Little as Possible. Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision. Find Out More > View All Offers >
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"Due to your professionalism and relentless.." " appreciated our many chats and your weekly status as well as your advice and your state of the art knowledge of the real estate business." "Susan Ullmann" Read Quote > View All Quotes >
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The Ferzoco Group ReMax of Ocean City & Wildwoods
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wonderful experience/patience & friendly
Dear Joe, We wanted to thank-you for the wonderful experience we had looking for a home with you! It took us about a year of looking to find a home that we both liked, but because of your patience we finally found what we wanted! Thru these months of looking, you were always professional and friendly. Each time we called you to look at a home you were always available on our time schedule. We were especially happy when you followed up with phone calls or e-mails as not to let too much time go by without looking at homes. You took the time to meet with me in your office several times to go over listings. I really liked the drip schedule we were on, it gave me a chance to review listings and drive by them. Your brother and office personnel were just as friendly! We want to thank-you for your time and patience, and would highly recommend your group to any friends or family buying or selling a home. Although we are done looking for a home we will miss the time with spent with you! Thank-you! Sincerely, Patricia M. Leonetti
Patricia M. Leonetti
You have a story to tell about us. You've worked with us, and we've helped you buy or sell a home. We need your feedback. Others need your feedback, too! Please take a moment to fill out this form and tell us how we did... 
Tax Considerations >Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time. Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. If you paid off your mortgage and had to pay a pre-payment penalty, it qualifies as tax deductible interest. If you paid an "acquisition mortgage loan fee" on a home loan, this fee can be deducted as itemized interest. Home improvement loan fees are also deductible. Any remaining loan fees from re-financed or paid-off mortgages are fully deductible at the time of the mortgage payoff.
Certain items don't qualify as deductions, but can be added to the cost basis of your home, such as transfer taxes, recording and title fees, and special local property tax assessments for new sidewalks, streets, or sewers.
Don't be intimidated by the tax code! A little research or consultation with an expert can help you maximize your real estate tax advantages.
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| Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
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| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
See More Real Estate Trivia > |
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Chris and Joe Ferzoco The Ferzoco Group RE/MAX of Ocean City &Wildwood 5501 Simpson Ave. Ocean City, NJ 08226 609-770-2668 Fax: 609-398-4606 joeferzoco@NUMBER1EXPERT.com
The Ferzoco Group is committed to helping home buyers and sellers achieve their real estate goals. The process of buying or selling a home is one of significant importance and the Ferzoco Group prides itself on making sure your experience is an enjoyable one! 
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